About Deadly Clear

This blog site is for you - to make your opinions known and enable you to express your thoughts, insights, fears and be DEADLY CLEAR. The author of the blog has become more compassionate and socially enlightened with age after entering this world from a very brainwashed right-winged culture. My goal is to achieve perfection and share in Ho'oponopono which means to make things right.

Defunct Law Firm Sues Wells Fargo Over Foreclosure Work

Probably happening elsewhere as well.

Justice League

A New Jersey law firm that helped Wells Fargo Bank N.A. foreclose on thousands of homeowners has sued the lender, saying the bank’s delayed efforts to fix its robo-signing problems led the law firm to collapse.

Lawyers for the Zucker, Goldberg & Ackerman law firm, which laid off most of its 335 workers last year, are accusing Wells Fargo of taking several years to comply with a 2010 New Jersey Supreme Court order that called for lenders to show that they were properly submitting mortgage details before foreclosing on a property.

The order, which required banks to submit their internal foreclosure policies, paralyzed foreclosures throughout the state. The average time for the foreclosure process—from filing the lawsuit to a sheriff’s sale—grew from about 200 days to about 1,000 days, according to documents filed in U.S. Bankruptcy Court in Newark.

Read on.

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Game changer: California investigating Wells Fargo for identity theft

About time!! Homeowners haven’t had privacy since the turn of the century securitization.

Justice League

A group of senators is already asking the Department of Justice to use a new policyto target individuals at Wells Fargo for corporate misconduct (and maybe even more) in the wake of the fake account scandal surrounding the bank.

The senators’ push for prosecution seems to focus mainly on the executives at Wells Fargo, including departed CEO John Stumpf, for their roles in setting up and overseeing an incentive program that led to the bank’s employees setting up millions of fake accounts in consumers’ names in order to get sales bonuses.

But the state of California is making a move that could lead to a whole new world of hurt for Wells Fargo, its current and former executives, and the 5,000 former employees who opened the fake accounts.

According to a report from the Los Angeles Times, which has been all over this scandalsince the beginning

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More fallout in the Wells Fargo fake account scandal: San Francisco supervisors to push for city and county to cut ties with the bank

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Before Ohio, the city of Chicago, the state of California, and the state of Oregon all suspended ties with Wells Fargo in the wake of the scandal.

And now, two members of the legislative body that oversees the city and county where Wells Fargo is headquartered want the city to suspend any business with Wells Fargo as well.

To that end, two members of San Francisco’s board of supervisors, John Avalos and Jane Kim, plan to introduce a motion on Tuesday morning that would direct the city and county of San Francisco to cut business ties with Wells Fargo.

The supervisors will introduce the motion during press conference Tuesday morning on the steps of San Francisco city hall, and will be joined by representatives from theAlliance of Californians for Community Empowerment, the California Reinvestment Coalition and CalPIRG.

Additionally, San Francisco Treasurer José Cisneros will take…

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David Dayen: Behind Closed Doors, Hillary Clinton Sympathized With Goldman Sachs Over Financial Reform

What’s ahead of us is frightening. Politicians do not have a clue about the damage they’ve allowed. How many of them are just as out of touch with the middle class – or what’s left of us, as Hillary Clinton? There are good guys and there are bad guys. It’s pretty obvious Hillary is not on the good guy list.

It appears the majority of Americans feel our country has gone in the wrong direction for quite some time. The government is run like a fraternity party. It’s a free for all for the club members. The members thrive on perks and benefits derived from the membership and no one outside of the fraternity matters – because the members come first and are above law.

It’s time government were run by and for the people it serves. Needless to say we’d all fire an employee that deleted thousands of company emails – especially after the DOJ issued a summons. It should be disconcerting that anyone would openly say she wanted to “drone” (aka kill by drone… yes they can do that) another individual that has provided the public with email conversations that make disparaging remarks about Catholics, as well as Evangelicals made by her campaign, and releases speeches that she made to the same banksters that have ripped this country apart…among other issues that were meant to be hidden from the public – to our detriment.

You know, personally some of Trump’s statements offend me or at least make me cringe. However, hardly a CEO I’ve ever worked for or with hasn’t made some off color, politically incorrect statements at one time or another – but you know what? I still trusted them and they ran great businesses that even today aren’t in trouble like the banks. I’d take any of them to run our country because I’d rather have strength, honesty and reality – than hawkish hypocrisy and deceit. Swear like a sailor – but NEVER ever lie to me.

Livinglies's Weblog


Excerpts of Hillary Clinton’s previously secret speeches to big banks and trade groups in 2013 and 2014 show her exalting the work of her hosts, hardly a surprise when these groups paid her up to $225,000 an hour to chat them up.

Far from chiding Goldman Sachs for obstructing Democratic proposals for financial reform, Clinton appeared to sympathize with the giant investment bank. At a Goldman Sachs Alternative Investments Symposium in October 2013, Clinton almost apologized for the Dodd-Frank reform bill, explaining that it had to pass “for political reasons,” because “if you were an elected member of Congress and people in your constituency were losing jobs and shutting businesses and everybody in the press is saying it’s all the fault of Wall Street, you can’t sit idly by and do nothing.”

Clinton added, “And I think the jury is still out on that because it was very difficult…

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Lawsuit: ‘Criminal Epidemic’ Put Wells Fargo Employee’s Retirement Plans at Risk

Oh pleeeze, WF – did you really think your retirement was ever really there? Scandal or no scandal – the money doesn’t exist. Welcome to reality.

Justice League

An attorney representing a Wells Fargo employee told 5 EYEWITNESS NEWS the bank’s “rampant scandals” may’ve cost his client and countless others a stable retirement. That lawyer filed a federal class-action lawsuit against Wells Fargo late last week on behalf of client Francesca Allen.

The lawsuit, filed in Minnesota, comes weeks after regulators found that Wells Fargo employees had secretly created millions of unauthorized accounts, without their customers knowing it, since 2011. It alleges that the “criminal epidemic was created by Wells Fargo’s senior executives,” and in doing so, attorney Adam Levitt argues that bank executives put their employee’s retirement plans at risk because their plans are largely tied to Wells Fargo stock.

“For Wells Fargo and its executives to knowingly hurt their employees the way that they have in this respect and others is simply reprehensible,” said Levitt, the head of Consumer Protection and Product Liability Litigation at…

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Hillary Should Ask Jamie Dimon What Kind of Genius Loses $6.2 Billion

Hillary will protect Wall Street at all costs… Trump just gives her a diversion from dealing with the real economic problems.

Justice League

london-whale1Yes, Hillary should ask Jamie “tempest in the teapot” Dimon  that question.

Yesterday, building on the momentum afforded her by a series of articles in the New York Times, Hillary Clinton asked the audience at a campaign stop in Toledo, Ohio: “What kind of genius loses a billion dollars in one year.” Clinton was referring to the New York Times revelation on Sunday that Donald Trump’s 1995 tax return showed a loss of $916 million. (See video clip below.)

If Hillary really wants to know what kind of genius can lose a billion dollars in one year or $6.2 billion in the case of traders at JPMorgan Chase, she should ask the bank’s CEO Jamie Dimon. The $6.2 billion London Whale loss at JPMorgan Chase is far more scintillating a feat since it involved wild derivative gambles in London in 2012 using the taxpayer-backstopped, insured savings deposits at the largest bank in…

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Citibank Wins Foreclosure Appeal in Bankruptcy Test

The Bankruptcy Act needs to be revised in so many areas it’s difficult to point to the most important. However, the “surrender” issue is paramount because the bankruptcy court has allowed the use of electronic signatures without forethought of the consequences. Bankruptcy attorneys regularly use the surrender form to alleviate the burden and cost of dealing with motions for relief of stay – and many times unbeknownst to the homeowner. As a foreclosure paralegal I have had a number of clients that had never signed the form and questioned how their bk attorney could surrender their home. In most cases they would be given some lame excuse – and when the foreclosure attorney would request a copy of the actual signed formed – 9 times out of 10 there wasn’t one.

Bankruptcy has used electronic signatures to the point that the debtor’s bankruptcy attorney can commit unlawful acts with no penalties to be assessed. This needs to be changed. If a house and property are meant to be surrendered – a full explanation of the term “surrender” needs to be made clear and an actual signed form by the debtor document filed with the court. No electronic signatures!! Surrender that Dorothy!

Livinglies's Weblog

Citibank Wins Foreclosure Appeal in Bankruptcy Test

Oct. 4 — Debtors who surrender property under the Bankruptcy Code can’t oppose foreclosure efforts by Citibank, a federal appeals court said Oct. 4 ( Failla v. Citibank N.A., 11th Cir., No. 15-cv-15626, 10/4/16 ).

The ruling by the U.S. Court of Appeals for the Eleventh Circuit eases foreclosures in that circuit in two ways. First, it means that a debtor who discharges mortgage debt by surrendering property under 11 U.S.C. 521(a)(2) can’t oppose creditors who then try to foreclose in state court.

The decision also speeds that process. Judge William Pryor, who wrote for a three-judge panel, said bankruptcy courts can order debtors who surrender property under Section 521(a)(2) to drop their opposition to foreclosure. The debtors said the bankruptcy court didn’t have that authority.

The case involved husband and wife David and…

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Massachusetts Charges Morgan Stanley Over High-Pressure Sales Contest


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Massachusetts’ top securities regulator accused Morgan Stanley of paying bonuses to brokers to encourage them to push loans on their wealth-management clients.

A complaint filed Monday by the secretary of the commonwealth alleges that Morgan Stanley brokers in Massachusetts and Rhode Island promoted securities-backed loans, in which clients borrow against the value of their investment portfolios, to win an internal “sales contest” that rewarded them financially.

The complaint says the program tripled new loan originations and created a conflict of interest between the brokers and their clients. It alleges that Morgan Stanley played down the risks, including that the firm could liquidate their investments to repay the loans.

Read on.

Here is the complaint. Click here.

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Statement from CA Treasurer on Illinois Treasurer Announcing Sanctions Against Wells Fargo

Justice League

SACRAMENTO – ‘California stands united with Illinois State Treasurer Michael Frerichs’ decision to suspend investment activity with Wells Fargo Bank.

‘From the savings and loan scandal of the 1980s to the subprime lending abuses which recently brought down the world economy, we have suffered the incredible power banks hold over every day Americans. Wells Fargo is just the most recent example of the craven abuses that can be perpetrated when a financial institution comes to serve itself rather than its customers.

‘But banks are not so powerful as to be untouchable. Until Congress and bank regulators pass sensible reforms to curtail the further fleecing of consumers, bank customers – like the states of California and Illinois – will have to fill the leadership void. And, the best way to do so is to hit Wells Fargo where it hurts – in the pocketbook.

Read on.

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Non-Traditional Mortgages Appeal to Hawaii’s Highest Court

hear-yeeThis Sunday The Foreclosure Hour shared the appellate process with listeners to help them better understand the complexity of the court system.

Last month (September 2016) the Hawaii Supreme Court heard attorney Gary Dubin argue on behalf of a Ewa Beach, Hawaii resident who was sued for foreclosure by “U.S. Bank National Association, as Trustee, in trust for the registered holders of MASTR Asset Backed Securities Trust 2005-NC1, Mortgage Pass-Through Certificates, Series 2005-NC1,” a securitized REMIC trust.

The Plaintiff, like so many others, claimed (and the lower Circuit Court penned in the Findings of Fact) it “is now the Holder of the Note.” Of course, there were the usual series of “after-the-fact” robo-signed assignments trying to establish the right to enforce, and an allonge dated “after-the-fact” signed in blank. Even a witness who was basically a computer jockey viewing screen shots with no personal knowledge of who or how the data was entered.  But in this case, there is a bit of a twist which, it appears, the Justices were picking up on as they asked astute questions about the procedure and the original (now bankrupt and liquidated) lender, New Century Mortgage Corporation. Continue reading